Once the tenant was identified, I was notified that they would be paying and signing the lease on August 2.I reached out to the property manager on August 2 via email to confirm whether they still planned to sign.

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

I purchased a property via auction in Fostoria, OH.

Refinance via IRRRL into 2.5% interest rate and put $8k in pocket.

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Should be able to cash flow pretty well under these conditions and, as others have mentioned, you'll make most of your money in equity gains via debt pay down and appreciation.

@Ashish Wa you always end up getting exactly what you paid for.You should only go cheap when YOU know exactly what you are doing.Newbies trying to save pennies, almost always cost themselves dollars via their mistakes.

Or even I can sub contract work out to other companies and bill it via my own company name.

Unlike a cash-out refinance, you pay for the funds as you go and it functions as a credit card (rather than a mortgage), giving you more flexibility over the funds secured via your house and is potentially cheaper than a mortgage since it is not amortized.

I can back it up via two different means (NAR data or spreadsheet of replacement cost and lifespan).